Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Gerry Fitzpatrick:

I don't correct any of the data because I'm the auditor. What I do is ... I ... maybe I misused that word ''concern''. But what I see is a system. And I see what numbers are generated by the system. If there's a risk that the numbers that that system generates are inaccurate and, therefore, that the numbers recorded for loans, for impairment or for anything else are inaccurate, then my concern is to say well ... am I looking at the controls in that area and I can test that area. I can look at individual cases and satisfy myself that that number isn't materially misstated. Which ultimately is what the purpose of my-----

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